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Dinner Ready-to-Eat (RTE) Food Market Size

Report ID: GMI6295
Published Date: Jul 2023
Report Format: PDF

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Dinner Ready-to-Eat (RTE) Food Market Size

Dinner Ready-to-Eat (RTE) Food Market size was worth over USD 14 billion in 2022 and is expected to grow with a CAGR of 6% during 2023 to 2032.

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The fast-paced modern lifestyle has led to an increasing demand for convenient and time-saving food options. According to the data by the U.S. Bureau of Labour Statistics, the employment rate in the U.S. was over 60% in April 2023. With the rising rate of employment across the globe, the individuals have busy schedules and limited time for meal preparation. The availability of RTE foods present a quick and hassle-free solution for dinner. These meals offer the convenience of being pre-cooked and ready to consume, eliminating the need for extensive cooking and preparation time.

Dinner Ready-to-Eat Food Market Report Attributes
Report Attribute	Details
Base Year:	2022
Dinner Ready-to-Eat Food Market Size in 2022:	USD 14.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 25.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	129
Segments covered:	By Type, By Distribution Channel, By Region
Growth Drivers:	Growing convenience food industry Development of new product lines Rising working population
Pitfalls & Challenges:	Growing use of preservatives Harmful impact on health Fluctuating raw material price

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Additionally, the rapid urbanization and the growing number of single-person households are boosting the demand for dinner ready-to-eat food products. As more people live in urban areas with limited kitchen space and time constraints, RTE foods become an ideal dinner solution. These meals come in portioned sizes, reducing food wastage and catering to the specific needs of the consumers. The constant efforts by food manufacturers to provide healthier and more diverse RTE options will augment the market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of dinner ready-to-eat food reached USD 14 billion in 2022 and is set to grow with a CAGR of 6% during 2023 and 2032.

The hypermarket/supermarket segment accounted for 37% of market share in 2022, as these stores play a pivotal role in the distribution and accessibility of the product.

North America market was remunerated at USD 4 billion in 2022 and will continue to growth through 2032, driven by the fast-paced lifestyle of consumers and busy work culture in the region.

Nestlé S.A., Conagra Brands, Inc., The Kraft Heinz Company, General Mills, Inc., Unilever Group, Campbell Soup Company, Hormel Foods Corporation, Tyson Foods, Inc., Bakkavor Group plc and The Schwan Food Company.